We have been moving between these levels for some time now and GBP has shown us alot of weakness within the past few weeks so this scalp is a very high success rate
We can see price has been bouncing between these levels for some time now and we have finally had a close bullish on the 30M chart. We are aiming for around 250-300 pips with a small SL
Hi Traders! Here is our analysis: Price is in Strong Uptrend Made one Top then came lower Equal Lows --> First Sign of Bullish Weakness --> Bullish "Shock" As a reaction --> BBs closing their positions --> Consolidation expected If Breakout --> Down-Movement until next Support expected If you have any questions, another Point of View or anything...
Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel. RSI approaching bullish territory. Volume is very strong and has been since the retest of triangle pattern . Will be looking at buying all dips on weakness.
DXY previously created a bullish structure but failed. Now a side way structure is being redesigned and consolidated
Besides waiting for the Bullish Deep Gartley setup, there's another way to engage the USDCAD chart. If you are into this consolidation or sideways movement, you could wait for a trading setup on the lower timeframe, preferably the 1-hourly chart for this setup. You can wait for a minimum setup of Double Top setup with RSI Divergence, in that case, you can have a...
Would you long EURUSD? And why? The Range Bar chart is my personal preference for intra-day trading. It provides the expected volume per bar, and you won't have surprises. The only downside is that you can't check in every 8 bars because you won't know when will the 8bars formed as it is not a timebase chart
The NZDCAD is currently forming a right shoulder of a higher timeframe head & shoulders pattern. This consolidation at the right shoulder has led to a handful of potential bullish pattern formations on the lower timeframe. The chart in front of you shows a potential bullish gartley (purple), cypher (blue) & bat (yellow). If you have any questions, comments, or...
BTC is showing strength in this channel. You'll see the bottom of the channel trends from top and bottom level support over the course of previous cycles. This looks like a really good area for BTC to consolidate before it's next run as it's found strength around this level. May have a dip below, but I'd venture to guess the monthly candle won't close below...
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly. Bullish stuff: The 200MA of the 3day was held perfectly. No close below it! We now are within the bull market support band and did not get rejected so far. The RSI shows a strong healthy rise. Trading volume is higher compared to the start of 2022. We are still...
for uppers side price should sustain above resistance line and for down side price should sustain below supporting line. Currently price is consolidating
The high & tight flag pattern is one of my favorite setups to trade & historically is one of the best setups that the market has to offer. This one, in particular, is downgraded due to its location relative to the overall state of the market, but nonetheless, still, something that may be interesting to many of you breakout traders out there. When it comes to...
Seems that Gold is moving upwards, breaks consolidation and possible next resistance is at 1960. However, to be more cautious the TP should be placed earlier
Downward move just begun The Consolidation phase is not so strong so the downward target as indicated by the arrow might not be the correct one
The consolidation period has ended while the AUDCAD price breaks the resistance. It is possible that the price will reach next resistance at 0.94
It seems that the GBPUSD eventually broke out of consolidation. It is expected to move until the next significant resistance 1.3270
Nearing the end of a consolidation, a consolidation so large in encompasses the covid dip and makes it look like nothing. Unless something terrible takes place, this should break to the upside. I'll try to close this one, win or lose, at the end of 2020.
Bitcoin is the dominant crypto currency and the whole market is somewhat depending on the health of the Bitcoin price chart. Bitcoin dropped by 50% from its previous ATH around 68k within 3 months. Since then we are consolidating into a wedge pattern with a ceiling around 45k and a rising floor currently around 39k. Bearish stuff: We are below the weekly bull...